Shayona Petrochem Ltd. कंपली की लेखा नीति

Mar 31, 2010

I) Method of Accounting:

a) Financial statements have been prepared under the historical cost convention, and on accrual basis in accordance with generally accepted accounting principles and going concern concept and other provisions of Companies Act, 1956 as adopted consistently by the company.

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Mar 31, 2009

1) Method of Accounting;

a) Financial ststements have been prepared under the historical cost convention, and on accrual basis in accardance with generally accepted accounting principles and going concern concept and other provisions of Companies Act, 1956 as adopted consistently by the company.

2. In the opinion of the Board, the Current Assets, Loens and Advances are approximately of the value stated, If realized in the ordinary course of the business The progisions for all known Libilites are adequate and are neither in excess nor in short of the amount reasonably necessary.

3. The balance in Sundry Debtors, Loans and advances, Sundry Creditors are subject to confirmation.